John works as an interior designer. He gets a contract to redesign a play school. He employs three painters on the site assuming that an average painter will be able to paint 10 desks in a day. At the end of the first day of their work, John finds that the painter's A, B, and C have painted 12, 14, and 15 desks respectively. On comparing the actual performance with the planned performance, he realizes that the standard set by him is too low. Consequently, he decides to review and revise the standard and raise it. In the context of the above case; Identify the function of management being performed by John. • "Planning and controlling are both backward-looking as well as forward-looking functions". Explain the statement with reference to the above paragraph. ●
John works as an interior designer. He gets a contract to redesign a play school. He employs three painters on the site assuming that an average painter will be able to paint 10 desks in a day. At the end of the first day of their work, John finds that the painter's A, B, and C have painted 12, 14, and 15 desks respectively. On comparing the actual performance with the planned performance, he realizes that the standard set by him is too low. Consequently, he decides to review and revise the standard and raise it. In the context of the above case; Identify the function of management being performed by John. • "Planning and controlling are both backward-looking as well as forward-looking functions". Explain the statement with reference to the above paragraph. ●
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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